Parastatals kill private sector growth

The former Assistant Minister of Finance and Development Planning Charles Tibone has come out with guns blazing, warning that the proliferation of state owned enterprises has potential to kill the private sector.

Tibone has stated that majority of these operations, known as parastatals, are unprofitable and depend on government for survival.

Tibone’s words cannot have come at the right time when BCL is on its knees facing closure, leaving thousands of people with no jobs and income.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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